Stratasys completes Solid Concepts purchase

3D printing and additive manufacturing machines maker Stratasys Ltd. has completed its acquisition of Solid Concepts, which is said to be the largest independent additive manufacturing service bureau in North America.

July 16, 2014
by Canadian Plastics

Categories

Tags

3D printing and additive manufacturing machines maker Stratasys Ltd. has completed its acquisition of Solid Concepts, which is said to be the largest independent additive manufacturing service bureau in North America.

Stratasys announced the acquisitions of Solid Concepts and specialty additive manufacturing service bureau Harvest Technologies in April 2014, and will combine Solid Concepts and Harvest Technologies with RedEye, its existing digital manufacturing service business, to establish one additive manufacturing services business unit.

Stratasys acquired Solid Concepts for approximately US$295 million, and Harvest Technologies for an undisclosed amount.

Stratasys expects to complete its acquisition of Harvest Technologies by the end of July.

“We look forward to enhancing our customer offering with the completion of this transaction,” said David Reis, CEO of Stratasys. “With Solid Concepts’ deep knowledge of manufacturing and vertical focus, such as medical and aerospace, Stratasys will be even better positioned to meet our customers’ evolving additive manufacturing requirements.”

Stratasys has corporate headquarters in Minneaspolis, Minn., and Rehovot, Israel.